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from24/7 Wall St.
1 week ago

Marathon Petroleum vs Phillips 66: Which Refining Giant Wins as Energy Sector Dominates 2026?

Independent refiners Marathon Petroleum and Phillips 66 delivered strong Q4 results driven by high refinery utilization, wide refining margins, and disciplined capital allocation.
frombmmagazine.co.uk
3 months ago

US Sanctions on Russia Deliver Windfall Profits to Oil Giants but Choke Europe

According to Bloomberg Russia's seaborne crude shipments fell sharply, dropping by the most since January 2024. Four-week average volumes from the country's ports were 3.58 million barrels a day to Nov. 2, according to vessel-tracking data compiled by Bloomberg, down by about 190,000 from the revised figure for the period to Oct. 26. This is the result of new US restrictions on Rosneft and Lukoil.
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